Universal Adapting Sigmund and the Sea Monsters

Universal Pictures is developing a live-action film based on Sid and Marty Krofft’s ’70s children’s show Sigmund and the Sea Monsters, reports Variety.

In the show, Sigmund is booted from his home by his nasty brothers for being too nice and is befriended by two friends who stash him in their clubhouse.

The Kroffts will produce with Jimmy Miller and his Mosaic production company. Julie Darmody is executive producer.

The deal comes after Universal and Mosaic completed production on the $100 million Will Ferrell starrer Land of the Lost, another property that originated as a Saturday morning Krofft creation. Earlier this week, Land of the Lost was moved away from Harry Potter and the Half-Blood Prince and will now hit theaters on June 5.

The script for “Sigmund” will be written by Dana Gould, a writer-producer on “The Simpsons.”

“Sigmund” becomes the third studio property set up for movie treatment for the Krofft brothers. Sony is also developing a live-action version of H.R. Pufnstuff and is in talks with director Conrad Vernon, who helmed Shrek 2 and Monsters vs. Aliens.